Can someone redpill me on margin trading via polo?
I just opened an option on poloniex to short a specific coin...
What do I need to know? Am I a crackhead for doing this?
>>2743688
>only 2.5x
>not glorious 100x masterrace
>trading high marketcap
>shorting in a bull market
>shitcoining
>>2743834
>100x leverage
>Lehman Brothers
>bull market
Hey yo I was just wondering
Do you guys think I can get these 2 girls to buy ETH?
https://www.youtube.com/watch?v=7XuQx54kooM
Thanks.
If someone doesn't answer me, I'm making my own threads about this.
Make sure you buy the rope before you margin trade. Make the transition faster
>12,000 BTC worth of loans
just kirro me nao
>>2744072
ANSWER ME MOTHERFUCKERS!!!!
>>2743688
The worst part about margin trading is that when you are wrong, you have to hold for days/weeks accumulating fees and watching your big red failure
>>2744193
I always figured that with margin like 100 or 200x, I could take something like $10 and basically gamble it when a coin seems to be going up for a minute or so. If it goes up a lot, like 10%, which isn't impossible in crypto, then I could make up to like $2000. If it goes down, I've only lost $10.
Like betting on the 1 minute candle. Really just gambling but with fair odds that I could make a thousand or lose just 10.
Can you afford to loose it all and send more money to polo on top of it?
Are you disciplined enough to accept you made a bad call and close the position for a loss?
>>2744193
I know the feeling brother.
I shorted ETH at 233 and it bounced to 243. Took 7 hours for it to go back down below 233 and I broke even. Stressful times. Never margin trade at work.
>>2745034
Can you short without any leverage or loans? I just want to take 100 bucks and short a coin without risking anything besides my 100 bucks.